6.39% cap on existing NOI ($133,913.52) in a market of no inventory! 16 one-beds in Lono Kona ( nicknamed Hamburger hill) with ample parking, super walkable to downtown Kailua-Kona. Views of Kailua Bay from many units, all units have enclosed lanais, adding to the interior space square footage. Off ground construction means repairs are simple and so much cheaper than busting through concrete. Lots of storage on the makai side of the building may be rented out for additional income. Absolute rent ability in a tight rental market, this building has so many potential! All units are separately metered for electric and tenants pay their own. Laundry is leased and can be replaced with your own machines to increase income. Proposed to be put on public sewer in the next 1-2 years with an annual cost of approximately $5449 for 35 years. ADDENDUM TO THIS MLS link HAS THE RENT ROLL AND P&l STATEMENT.ALSO TITLE REPORT. THANK-YOU.